[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦

[dopecoindude]

IMO there is no need to consolidate them unless its decided that there should be only one weed coin. Who makes that decision? No clue.
I do agree that the idea for a weedcoin multi wallet is a good one, possibly get the coinomi people on it and brand it as such. No need for the destruction IMO, coinomi has integrated shapeshift for the coins it supports, so someone from the weed coins would need to work towards getting shapeshift support.

We can build it as we are on coinomi and have an android wallet and have a good dev. who can do this kind of work.  We've been talking to shapeshift and waiting to hear back. If everyone puts there mind to it big things can happen.

[1715598058]

1715598058

[dopecoindude]

Dopecoindude....I actually like this guy....has some good intentions, but i'm not sure encouraging adoption and use of Dopecoin for nefarious transactions is the right pitch.

Thanks  

Yes, that is always has been the knock on DopeCoin , but the fact is any crypto is going to be used for nefarious activities. I still recall Potcoin saying they would ban people who use it PotCoin  to buy things other then Pot. I never looked back and dumped all my Potcoin after that  It isn't realistic. People will use Potcoin for whatever they want. As for the name of DOPEcoin is suppose to be 'cool' also and as in the movie DOPE shows you that is the case. But, your point is taken pinchecobadre.

Btw: The whole concept of the 420 JOINT alliance ( https://bitcointalk.org/index.php?topic=874423.0 ) was built for this. I started the idea basically to bring a 'foundation' type org. to the crypto scene.

[Jahvinci]

Dopecoindude....I actually like this guy....has some good intentions, but i'm not sure encouraging adoption and use of Dopecoin for nefarious transactions is the right pitch.

Thanks  

Yes, that is always has been the knock on DopeCoin , but the fact is any crypto is going to be used for nefarious activities. I still recall Potcoin saying they would ban people who use it PotCoin  to buy things other then Pot. I never looked back and dumped all my Potcoin after that  It isn't realistic. People will use Potcoin for whatever they want. As for the name of DOPEcoin is suppose to be 'cool' also and as in the movie DOPE shows you that is the case. But, your point is taken pinchecobadre.

Btw: The whole concept of the 420 JOINT alliance ( https://bitcointalk.org/index.php?topic=874423.0 ) was built for this. I started the idea basically to bring a 'foundation' type org. to the crypto scene.

Pinche makes a valid point, however I don't see why some time and energy rebranding couldn't fix it. Maybe come up with an acronym for DOPE, encouraging licit use or direct focus toward different aspects of the coin, like security or even going green with POS. I think Pinche is just pointing out that the current branding isn't optimal in terms of adoption.

[CartmanSPC]

I have been trying different amounts for the max split setting using this address: PSbEfgz1EVA5z2mNwwbiTftgPBzFjhY6p5

The latest amount I have been testing is a max split setting of 100.

Some observations...as we already know, reducing the max stake causes you to stake more often but with a smaller reward. The address above has about 81k worth of Potcoin but only about 6K is currently staked leaving the rest for new blocks or to be spent. The wallet anticipates a new stake every 6 minutes with the current difficulty of .0024.

When I was testing with a max split of 5K about 46k was staked with whatever the difficulty was at the time. We know that decreasing the max split will cause more stakes to occur but also increase the difficulty.

I think the time coins spend being "staked" is 8 hours before they are available again.

Thoughts?

It seems that making the value smaller would make the coin more usable. I brought up earlier that people looking to use the coin in a transaction can't stake their coins, missing out on possible interest. Having a smaller % of coins staked at any one time would help. Plus that's more staking, which should improve the network's health.

I don't know if its really necessary to make it user selectable. I think we should be able to come up with a reasonable value that works well, at least for now while the network is small.

One side effect of staking too often is an increase in the size of your wallet file. Have gone back to using the 5k version as that is currently staking every hour or so (with the current difficulty) vs every 6 minutes. I noticed the difficulty go way down by doing so....from .0021 to .0011.

The default wallet stakes a few times a day (2-3 I think) due to all your coins being used up (if you have under 2 million) and the 8 hours to maturity. I am considering going back to using that as I personally don't need to be staking that often. Yes it will reduce the difficulty but we should still see close to 40 second block times.

[BitcoinNational]

.....consolidation, while an excellent idea, would really be a pipe dream and will never EVER happen given the personalities at the helm of all these coins are either no where to be found, can't see past their own egos or are just unprofessional imbeciles who no one would ever want to work with. 

The problem all coins face is adoption.....the technology is all there....it's sound, it works, but no one in the legitimate cannabis-industry is willing to take the risks....largely due to the fucking imbeciles claiming to be DEVs and the cesspool that is BCTalk......one a side note, I would never EVER encourage ANY business person to come read the fucking bullshit that goes on here.

Anyway, back to the consolidation idea and why it's a pointless discussion, let's look at the so called DEVS of some of these coins...

Potcoin....PotLabs who? They've all but abandoned the community and don't give a shit when the community calls for change. "Let's Grow Together?"...... What a joke!

Cannacoin....seriously? Bunch of pre-pubescent stereotypical fuck-wads....Josh is a good developer, but needs to be locked in a hole coding and the muzzle kept on him tightly....and his brother locked up in jail with no internet access.  Josh chose "family" over his project and let his brother James do so much PR damage with his vendetta against CANN. Since working with Josh means you have to deal with his dipshit brother, Cannacoin wouldn't be worth the time.

Cannabiscoin have been unjustifiably attacked by those Cannacoin fuck-tards....Deltanine's greatest admirers....there's no chance in hell he'll want to work with anyone given the attacks he's received at the hands for the CCN people - I don't blame him either.  Also, if you chose to believe all the crap that has been written about them, why would we want to work with him......NEXT...

Maryjanecoin ..... Adam Garrity....for real? You'd be lucky to have your question stay in his thread for 5 mins before he lays down his censorship hammer and deletes your post.  He's another who thinks he's God's gift to the crypto-space, that everyone is beneath him and all others are copycats of his ideas....GOD forbid you tell him his "dabbubbleconcentrates.com" website looks like it wws developed by a five year old.....Adam will not work with anyone.

Dopecoindude....I actually like this guy....has some good intentions, but i'm not sure encouraging adoption and use of Dopecoin for nefarious transactions is the right pitch.

Jahvinci and the new Motacoin.....I also like this guy....he was directly responsible for hyping MARYJ to some stellar prices, but hyping and pump and dumps shouldn't be the focal point.....adoption should.  It's too early to tell how Jahvinci and Motacoin will fare, but he seems motivated and may be worth putting your faith in him.....just don't ask Adam Garrity about him as he'll quickly tell you some bullshit scam story, rather than STFU.....another sign of how much of an unprofessional loser Adam is....the better man wouldn't say shit.

Rdyoung, you have some decent ideas, but you're a lot like Adam Garrity in that you just can't handle criticisms AT ALL. You are convinced nyc2fuse is a moron who can't possibly grasp what your saying.  Your responses are riddled with unfounded accusations of stupidity, when that's clearly not the case. Nyc2fuse writes as intelligently as anyone I've seen here and you'd be wise to take some pointers.  With each one of your lame tirades at nyc2fuse, you look more and more childish to the reader.  I'd work on that if I were you, otherwise, no one will take you seriously; why would we when you can't seem to maintain a civil and intelligent exchange.

It's a shame because you're so passionate about cryptos and we need people like you, but not if you're unwilling to debate without resorting to childish remarks like...."clearly you either don't grasp ... Yadda yadda yadda or you're just an idiot".... These.types of exchanges are nauseating.

Anyway, sorry for the tirade....I needed a .moment to vent.

The world needs more blunt honesty.
Well Done.
https://bitcointalk.org/index.php?topic=874423.0
stop by the #420 JFA

[dopecoindude]

Dopecoindude....I actually like this guy....has some good intentions, but i'm not sure encouraging adoption and use of Dopecoin for nefarious transactions is the right pitch.

Thanks  

Yes, that is always has been the knock on DopeCoin , but the fact is any crypto is going to be used for nefarious activities. I still recall Potcoin saying they would ban people who use it PotCoin  to buy things other then Pot. I never looked back and dumped all my Potcoin after that  It isn't realistic. People will use Potcoin for whatever they want. As for the name of DOPEcoin is suppose to be 'cool' also and as in the movie DOPE shows you that is the case. But, your point is taken pinchecobadre.

Btw: The whole concept of the 420 JOINT alliance ( https://bitcointalk.org/index.php?topic=874423.0 ) was built for this. I started the idea basically to bring a 'foundation' type org. to the crypto scene.

Pinche makes a valid point, however I don't see why some time and energy rebranding couldn't fix it. Maybe come up with an acronym for DOPE, encouraging licit use or direct focus toward different aspects of the coin, like security or even going green with POS. I think Pinche is just pointing out that the current branding isn't optimal in terms of adoption.

Thanks Jahvinci!

Yes, there can be some re-purposing of the term DOPE toward some theme this is true.  Right, I get the point that Pinche is making that adoption might not come in the from of DopeCoin per say , but then again dogecoin got adoption so who knows! 

[dopecoindude]

The world needs more blunt honesty.
Well Done.
https://bitcointalk.org/index.php?topic=874423.0
stop by the #420 JFA

BitcoinNational did a bang up job! I highly recommend anyone who wants a snap shot on everything crypto and cannabis to check out his write-up.

[Tripjammer]

I used the bootstrap.dat and I am still 8 weeks behind. My wallet won't sync...Anybody got any good nodes?

[Tripjammer]

have no connection to the wallet since 3 day sombody same problem?

Do you have other wallets running with a connection to their networks? Have you made any changes to your computer or routers firewall that might be blocking the connections?
You can grab a list of nodes from https://chainz.cryptoid.info/pot/#!network
Copy and paste the entire list to a "potcoin.conf" file in the same folder as your blockchain, if your on windows its under appdata\roaming, you can browse there in an explorer window by using %appdata% and hitting enter.  

Thanks bro!
This worked!

[Lore06]

This coin is gonna delisted from bittrex if there will be no volume

[BitcoinNational]

I doubt Rex would be foolish enough to delist POT.

But here's the solution.
Cryptsy was the main market.
It is no longer because to buy $1 of POT you will need to be KYC and they keep your coins until you comply.
NOPE!

So go trade on bittrex until the man catches up to them

[midnight_miner]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

[Chronikka]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

Nowhere. I've inquired about some of the stuff on the roadmap that should have been completed already and gotten no response. Development is effectively dead. There has been a push to form some sort of alliance between coins but I've yet to see any technical benefits to doing that, or even a software platform that can actually tie them together.

[2Pac]

This coin is gonna delisted from bittrex if there will be no volume

The question is who will make the trade volume? How many traders use the site actively?

[midnight_miner]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

Nowhere. I've inquired about some of the stuff on the roadmap that should have been completed already and gotten no response. Development is effectively dead. There has been a push to form some sort of alliance between coins but I've yet to see any technical benefits to doing that, or even a software platform that can actually tie them together.

Canada moving to legalize marijuana in April 2016, and the weed theme coins are all on there way out.

http://www.usatoday.com/story/news/world/2015/10/20/canadas-new-governing-party-promises-legalize-regulate-marijuana-sales/74260334/

I guess the market will need to rely on goverment loan sharks and high transactions fee based systems from the banks to do business.

Time for a new platform that is shopper friendly not just geek friendly.

[Chronikka]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

Nowhere. I've inquired about some of the stuff on the roadmap that should have been completed already and gotten no response. Development is effectively dead. There has been a push to form some sort of alliance between coins but I've yet to see any technical benefits to doing that, or even a software platform that can actually tie them together.

Canada moving to legalize marijuana in April 2016, and the weed theme coins are all on there way out.

http://www.usatoday.com/story/news/world/2015/10/20/canadas-new-governing-party-promises-legalize-regulate-marijuana-sales/74260334/

I guess the market will need to rely on goverment loan sharks and high transactions fee based systems from the banks to do business.

Time for a new platform that is shopper friendly not just geek friendly.

In all honesty I think its just going to be Bitcoin that fills the role. Its the most established and already poised for it. Projects like OpenBazaar will make it possible to buy anything with Bitcoin, and there are already BTC payment processors for the retail stores

[midnight_miner]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

Nowhere. I've inquired about some of the stuff on the roadmap that should have been completed already and gotten no response. Development is effectively dead. There has been a push to form some sort of alliance between coins but I've yet to see any technical benefits to doing that, or even a software platform that can actually tie them together.

Canada moving to legalize marijuana in April 2016, and the weed theme coins are all on there way out.

http://www.usatoday.com/story/news/world/2015/10/20/canadas-new-governing-party-promises-legalize-regulate-marijuana-sales/74260334/

I guess the market will need to rely on goverment loan sharks and high transactions fee based systems from the banks to do business.

Time for a new platform that is shopper friendly not just geek friendly.

In all honesty I think its just going to be Bitcoin that fills the role. Its the most established and already poised for it. Projects like OpenBazaar will make it possible to buy anything with Bitcoin, and there are already BTC payment processors for the retail stores

Then my next questions is why have any other coin?

If BTC has it now why bother!  All the little inter-altcoin tiffs and skurfs are not bringing any reputable commerce to the cann/weed/pot/maryj (did I miss a few) coin market.

[barabbas]

PotCoin still lives for another week on Bittrex.  But the price is taking a slide.

Probably a direct result of the lack of visibility of the developers.

Anybody know where this Coin is going on the roadmap?

Nowhere. I've inquired about some of the stuff on the roadmap that should have been completed already and gotten no response. Development is effectively dead. There has been a push to form some sort of alliance between coins but I've yet to see any technical benefits to doing that, or even a software platform that can actually tie them together.

Canada moving to legalize marijuana in April 2016, and the weed theme coins are all on there way out.

http://www.usatoday.com/story/news/world/2015/10/20/canadas-new-governing-party-promises-legalize-regulate-marijuana-sales/74260334/

I guess the market will need to rely on goverment loan sharks and high transactions fee based systems from the banks to do business.

Time for a new platform that is shopper friendly not just geek friendly.

In all honesty I think its just going to be Bitcoin that fills the role. Its the most established and already poised for it. Projects like OpenBazaar will make it possible to buy anything with Bitcoin, and there are already BTC payment processors for the retail stores

Then my next questions is why have any other coin?

If BTC has it now why bother!  All the little inter-altcoin tiffs and skurfs are not bringing any reputable commerce to the cann/weed/pot/maryj (did I miss a few) coin market.

There were a couple of reasons, pretty solid ones: You would make a 5% yield annually on your saving in POT and you would save another 5% with respect to BTC in your purchases of POT. Not earth-shattering, but solid, no doubt... Conceivably also, you could potentially earn significantly more via appreciation if -huge IF- more users came into the fold via promotions and general adoption/legalization. It was -still is- a very nice project... BUT, RIGHT NOW THIS IS A PROJECT LEFT ON IT'S OWN, FULLY ABANDONED AND WITH NO DEVELOPMENT WHATSOEVER. Of any kind. Hence, the price disaster which, evidently, affects the whole ecosystem for not even the most adventurous retailers would risk any operations to be carried on this disaster of operation. PotLabs is, obviously, not just incompetent in every possible way,but also not even in touch with anything related to POT at this point. And there's no one else. So it is marching on autopilot towards total obsolescence.

But could have very easily be a triumph, a long term success. Still can but not with anyone remotely resembling PotLabs around. 
 

[GJayJayG]

There has been a long, slow, agonizing silence from where Potcoin is going, and those that are suppose to be in "charge" or the Dev and support Team from PotLab - PotCoin.

The PotCoin community should have a "clear/better" answers and visions where we are going, what is going on, what should be done and where PotLab/dev Team is doing (still up there )

The lack of update/announcement/follow up, have only hurt Potcoin. Some news and other change (New Canadian Prime Minister - New legalized US State - upcoming Cannabis related events), should/could have but us back in the right path, but nothings seems to be happening and so the believer and investor confidence are going up in smoke and disappearring slowly.

If the Dev Team / Potlab can not or are not able to go on with it roadmap, it would be better to let know the community so that we might "take over" and push forward. Not knowing what is going on only stop us and prevent us to move forward.

Still have hope for Potcoin that it is not too late to redresse the situation before the interress and price fall so low that Potcoin seems like so many other Scam/Mismanage other Coin.

Let's try to keep things moving forward, rolling and positive

In the hope it can make Potcoin strong again.

[rdyoung]

I am planning on launching a weed coin market making asset in the coming days.
If anyone here wants to be involved, please send me a pm. I am looking for a few larger investors to get it off the ground.

The basic idea is as follows.
50% of the asset will be used to invest in various weedcoins to stake, the other 50% will be used for arbitrage and possibly HFT if I can find the right algo.
For the short term, 75% will be held back to reinvest in more staked coins and the 25% will be paid out as dividends, either weekly or twice a month depending on size and earnings.
To keep things simple it will probably launch on NXT Asset Exchange, but I will probably do colored coins as well.